Prospects for immigrant-native wealth assimilation
Subtitle: evidence from financial market participation
By: Una Okonkwo Osili, Anna Paulson.
Contributors: Paulson, Anna L.; Federal Reserve Bank of Chicago. Research Dept.
Series: Working paper series ;; WP-2004-18; Working paper series (Federal Reserve Bank of Chicago. Research Dept. : Online) ;; WP-2004-18.
Publisher: Federal Reserve Bank of Chicago
Published: 2004
Place of publication: [Chicago, Ill.]
Language: eng
Format: Electronic resource
Description: "Because financial transactions are important for wealth accumulation, and rely on trust and confidence in institutions, the financial market behavior of immigrants can provide important insights into the assimilation process.  Compared to the native-born, immigrants are less likely to own savings and checking accounts and these differences tend to persist over time.  Our results suggest that a large share of the immigrant-native gap in financial market participation is driven by group differences in education, income, and geographic location.  For a given immigrant, the likelihood of financial market participation decreases with higher levels of ethnic concentration in the metropolitan area"--Federal Reserve Bank of Chicago web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 11/22/2004.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.